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2 years ago

Explain the appearance of earthworm in brief

Business

1 answer:

andrew-mc [135]2 years ago

5 0

Explanation:

An earthworm is a terrestrial invertebrate that belongs to the phylum Annelida. They exhibit a tube-within-a-tube body plan, are externally segmented with corresponding internal segmentation, and usually have setae on all segments. They occur worldwide where soil, water, and temperature allow

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At the end of 2019, Bramble Corp. has accounts receivable of $740,200 and an allowance for doubtful accounts of $69,900. On Janu

ki77a [65]

Answer:

The journal to record the write-off is:

Debit Allowance for doubtful accounts $6,400

Credit Accounts receivable $6,400

Cash realizable value of the accounts receivable (1) before the write-off is $670,300 (2) after the write-off is $670,300.

Explanation:

The write-off would impact the allowance for doubtful accounts and the accounts receivable since Bramble Corp. uses the allowance method. See the journals as recorded above.
The balance in the allowance for doubtful accounts would have reduced by $6,400 upon the write-off, so did the balance in the accounts receivable, so the effect of the write-off evens out. That led to the cash realizable value of $670,300.

4 0

3 years ago

For each part below, write a short essay (around 8 sentences) to provide arguments for and/or against the claim presented in tha

9966 [12]

Explanation:

a) A free market would allow the laws of demand and supply to flourish; prices of commodities will be set by manufacturers based on demand. However, Government regulations which interfere with the free market is going to result in feeling the pain of monopoly.

b) Indeed, the price mechanism when controlled by the government can result in efficient provision of public goods.

One such example of a public good ls PMS (premium motor spirit) used as petrol in most vehicles. Controlling the price of petrol by the government in most cases helps avoid excessive charges from petrol stations per pump price.

4 0

3 years ago

The changes in account balances of the Vel Corporation during Year 6 are presented below: Increase Assets $356,000 Liabilities 1

zzz [600]

Answer:

b. $ 36,000

Explanation:

The fundamental accounting equation is

Assets = Liabilities + Stockholders Equity

Per the data provided in the question regarding changes in account balances

$ 356,000 = $108,000 + (240,000+24,000)

$ 356,000 = $ 372,000

= - ($ 14,000)

Since the data provides that a dividend payment of $ 52,000 has been made, we have to add it to our differential balance to get the income for the year.

$ - 14,000 + $ 52,000 = $ 36,000

6 0

3 years ago

Your car dealer is willing to lease you a new car for $309 a month for 72 months. Payments are due on the first day of each mont

kirza4 [7]

Answer:

PV $19,242.04

Explanation:

We will calculate the present value of an annuity using our cost of capital

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 309

time 72

rate 0.004083333 (A)

$309 \times \frac{1-(1+0.0040833)^{-72} }{0.0040833} = PV\\$

PV $19,242.04

This will be the present value of the lease at our capital rate.

<em>Notes</em>

(A)The payment are on a monthly basis, so the interest rate must be monthly to. For that we divide the 4.9 percent which is annual by 12

That way the time and rate are on the same metric.

6 0

3 years ago

In 2014, David Company accrued, for financial statement reporting, estimated losses on disposal of unused plant facilities of $2

poizon [28]

Answer:

d. $720,000 asset.

Explanation:

At 2014 David Company reported a loss for 2,400,000 which, for taxes purposes wasn't recognized.

Thus, there is a temporary diffrence in favor of the company,

as is paying more income tax today (the 2,400,000 loss is not recognzied thus, more income taxes are being paid)

and then, will pay less than the accounting net income (latter will pay taxes including this loss, thus less income tax)

This is a deffered income tax asset for: 2,400,000 x 30% = 720,000

tax deffered(assets) 720,000 debit

income tax expense 60,000 debit

cash 780,000 credit

8 0

3 years ago

Explain the appearance of earthworm in brief​

Explain the appearance of earthworm in brief